Proficio Capital Partners LLC Makes New Investment in Luxfer Holdings PLC (NYSE:LXFR)

Proficio Capital Partners LLC acquired a new stake in shares of Luxfer Holdings PLC (NYSE:LXFR) during the fourth quarter, Holdings Channel.com reports. The fund acquired 13,195 shares of the industrial products company’s stock, valued at approximately $173,000.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Luxfer during the 4th quarter valued at $42,000. XTX Topco Ltd purchased a new position in Luxfer in the 3rd quarter valued at about $146,000. SG Americas Securities LLC boosted its position in Luxfer by 26.9% in the 4th quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock valued at $166,000 after buying an additional 2,690 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Luxfer by 75.4% during the third quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 8,223 shares in the last quarter. Finally, Bailard Inc. increased its position in shares of Luxfer by 51.1% during the fourth quarter. Bailard Inc. now owns 21,300 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 7,200 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Luxfer from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Luxfer Stock Performance

Luxfer stock opened at $11.84 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $13.23 and a 200-day moving average of $13.28. The stock has a market cap of $316.49 million, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. Luxfer Holdings PLC has a 52 week low of $9.26 and a 52 week high of $15.64.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. On average, analysts expect that Luxfer Holdings PLC will post 0.85 EPS for the current fiscal year.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 17th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.39%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio is currently 76.47%.

Luxfer Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.